400 Devils Lake HwyManitou BeachMI49253
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Manitou Beach at 400 Devils Lake Hwy, Manitou Beach, MI, 49253 with 5% annual appreciation on a $139,000 basis while $1,060/mo rent supports operations. Total monthly income totals $1,060/mo and a $680/mo payment preserves $144/mo for cash returns. Annual cash flow comes to $1,724/yr on $46,079 deployed, and return on cash invested reaches 23.65% in year one. Equity gained on principal adds $897/yr, and five-year appreciation sums $38,403 alongside rental yield of 9.15%. Five-year ROI measures 123.43% and total cumulative return in cash totals $56,876.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,060/mo property income versus a $680/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2001
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49253, Manitou Beach, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,180 (100%) |
| Owner Occupied HU | 1,131 (51.9%) |
| Renter Occupied HU | 195 ( 8.9%) |
| Vacant Housing Units | 854 (39.2%) |
| Median Home Value | $338,393 |
| Average Home Value | $436,514 |
Housing Distribution
Address Breakdown
Residential
1,576
Single Family
1,576
Multi-Family
0
Businesses
42
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Listed by: Holly Griewahn • Foundation Realty, LLC - Manitou Beach
Mls Name: MiRealSource
Mls ID: #50173650